CAE Inc. (TSE:CAE) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of CAE Inc. (TSE:CAE) (NYSE:CAE) have been given a consensus rating of “Moderate Buy” by the twelve ratings firms that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$44.75.

A number of equities analysts have recently commented on CAE shares. Desjardins lifted their target price on CAE from C$46.00 to C$51.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Royal Bank Of Canada set a C$40.00 price target on CAE and gave the stock a “sector perform” rating in a research report on Tuesday, November 25th. Scotiabank boosted their price objective on shares of CAE from C$46.50 to C$49.00 in a research report on Thursday, November 13th. Finally, TD Securities increased their target price on shares of CAE from C$44.00 to C$46.00 in a research note on Thursday, November 13th.

CAE Stock Down 0.6%

Shares of TSE CAE opened at C$41.74 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.71 and a debt-to-equity ratio of 74.04. CAE has a 12-month low of C$28.98 and a 12-month high of C$43.47. The firm’s 50-day moving average price is C$39.11 and its 200-day moving average price is C$38.80. The stock has a market capitalization of C$13.38 billion, a price-to-earnings ratio of 30.69, a P/E/G ratio of 1.76 and a beta of 1.02.

CAE (TSE:CAE) (NYSE:CAE) last released its quarterly earnings results on Tuesday, November 11th. The company reported C$0.23 EPS for the quarter. CAE had a negative return on equity of 7.81% and a negative net margin of 7.75%.The company had revenue of C$1.24 billion during the quarter.

About CAE

CAE Inc is a global company focused on delivering training for the civil aviation, defense, security, and healthcare markets. Multiple types of simulators and synthetic exercises may be sold to customers to serve as alternatives for live-training experiences. The company’s training solutions are provided through products and services. CAE has many different training locations where clients can be trained and educated through a series of programs. Additionally, part of the revenues come from supplying aviation personnel on a lease, along with providing aviation support organizations.